Tax Reform Law Gets Mixed Reviews From Financial Planners

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On 19 December 2017, the President signed into law package 1 of the Tax Reform for Acceleration and Inclusion ("TRAIN") bill or Republic Act ("R.A.") No. 10963. The law contains amendments to several provisions of the National Internal Revenue Code of 1997

Certain statements made today may contain forward-looking statements intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act. Don will.

Tax reform is the process of changing the way taxes are collected or managed by the government and is usually undertaken to improve tax administration or to provide economic or social benefits. Tax reform can include reducing the level of taxation of all people by the government, making the tax system more progressive or less progressive, or simplifying the tax system and making the system.

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Washington – The recent tax reform bill passed by the government is the first major rewrite of the U.S. tax code in over 30 years and is packed with changes that could affect dentists’ financial planning. ADA News asked the president of the Academy of Dental CPAs to see what the Tax Cuts and jobs act means specifically for dentists beyond the revised standard deductions.

Executive Summary. Major tax reform typically only occurs once every decade or few. But after a tumultuous series of negotiations in both the House and Senate, a final reconciled version of the Tax Cuts and Jobs Act of 2017 appears to be heading shortly to President Trump for signature.

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Of importance to most tax filers is the fact that the new tax law altered the federal income tax brackets, doubled the standard deduction and changed many other tax credits and deductions. The bill, originally known as The Tax Cuts and Jobs Act, didn’t have an easy journey.

Roberts Jr. provided the swing vote, joining the majority in upholding the law. reform. The Supreme Court’s decision means we won’t have to. Instead, we can keep looking forward. Provisions of the.

Tax Reform Law Gets Mixed Reviews From Financial Planners Financial planners say they’ve seen mixed effects from the Tax Cuts and Jobs Act, with many clients surprised by lower refunds. Scott Van.